Hi all,
This will be my first trading idea publish on TV. I am pleased to give you my own interpretation of the current BTC/USD situation, which should be quite obvious at first sight. However, I am situated in a big learning curve, so please bear in mind my amateur skill of charting. The following is based on my own interpretation of the charts with the help of self-study and daily trading over the past half year.
Here we go.
On the 4-hour chart it can be noticed that a large bear flag is forming on the which can push BTC further down the road if a breakout is confirmed. A minor short-term break out of the resistance line to the upside is currently happening, however this is still within the consolidation zone of the flag.
Should a breakout to a lower low occur, than dollar cost averaging buying targets are my strategy to open a few more long positions. These are indicated at T1 and T2. If reversal pattern is confirmed before the danger zone is reached, adjustment of the open positions would be the right way to play this trade.
Disclaimer: this is all BUT financial or trading advice.
Thanks for reading and good luck trading! I hope 2018 will be another great year for Crypto!
Maurits
This will be my first trading idea publish on TV. I am pleased to give you my own interpretation of the current BTC/USD situation, which should be quite obvious at first sight. However, I am situated in a big learning curve, so please bear in mind my amateur skill of charting. The following is based on my own interpretation of the charts with the help of self-study and daily trading over the past half year.
Here we go.
On the 4-hour chart it can be noticed that a large bear flag is forming on the which can push BTC further down the road if a breakout is confirmed. A minor short-term break out of the resistance line to the upside is currently happening, however this is still within the consolidation zone of the flag.
Should a breakout to a lower low occur, than dollar cost averaging buying targets are my strategy to open a few more long positions. These are indicated at T1 and T2. If reversal pattern is confirmed before the danger zone is reached, adjustment of the open positions would be the right way to play this trade.
Disclaimer: this is all BUT financial or trading advice.
Thanks for reading and good luck trading! I hope 2018 will be another great year for Crypto!
Maurits
Trade active:
Short term breakout to the upside failed. Still within consolidation range of the bear flag
Trade active:
Downside breakout of the bearflag confirmed. Let’s see if we’ll reach the first target
Trade active:
T1 reached, waiting to reach T2...
Trade closed: target reached:
Bon